DIRODA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DIRODA
Largest movements
- Current investments +€204,112
up €204,112 (+25.2%), from €810,824 to €1.0m
- Cash -€17,834
down €17,834 (-55.0%), from €32,441 to €14,607
mainly Current investments (-€204,112) and Investment in fixed assets (net) (-€13,645)
- Reserves +€137,000
up €137,000 (+38.0%), from €360,859 to €497,859
- Tax, wage and social debts +€39,245
new in 2025: €39,245
- Financial income +€167,228
up €167,228 (+454.0%), from €36,834 to €204,061
- Taxes +€39,245
new in 2025: €39,245
- Depreciation -€21,031
down €21,031 (-50.0%), from €42,086 to €21,055
- Gross operating margin +€9,533
up €9,533 (+75.9%), from -€12,568 to -€3,035
- Other operating charges -€3,637
down €3,637 (-50.3%), from €7,237 to €3,600
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,062,817 | €1,242,097 | +€179,280 | +16.9% |
| Fixed assets | 21/28 | €218,181 | €210,771 | -€7,410 | -3.4% |
| Tangible fixed assets | 22/27 | €218,181 | €210,771 | -€7,410 | -3.4% |
| Land and buildings | 22 | €200,838 | €187,088 | -€13,750 | -6.8% |
| Plant, machinery and equipment | 23 | €11,312 | €21,294 | +€9,982 | +88.2% |
| Furniture and vehicles | 24 | €6,032 | €2,390 | -€3,642 | -60.4% |
| Current assets | 29/58 | €844,636 | €1,031,325 | +€186,690 | +22.1% |
| Current investments | 50/53 | €810,824 | €1,014,936 | +€204,112 | +25.2% |
| Cash at bank and in hand | 54/58 | €32,441 | €14,607 | -€17,834 | -55.0% |
| Deferred charges and accrued income | 490/1 | €1,370 | €1,782 | +€412 | +30.1% |
| Total equity and liabilities | 10/49 | €1,062,817 | €1,242,097 | +€179,280 | +16.9% |
| Equity | 10/15 | €1,061,066 | €1,198,079 | +€137,013 | +12.9% |
| Contributions | 10/11 | €55,079 | €55,079 | = | 0.0% |
| Reserves | 13 | €360,859 | €497,859 | +€137,000 | +38.0% |
| Distributable reserves | 133 | €360,859 | €497,859 | +€137,000 | +38.0% |
| Profit (loss) carried forward | 14 | €645,128 | €645,141 | +€13 | 0.0% |
| Amounts payable | 17/49 | €1,751 | €44,018 | +€42,267 | +2414.1% |
| Amounts payable within one year | 42/48 | €1,751 | €44,018 | +€42,267 | +2414.1% |
| Trade debts | 44 | €1,029 | €4,513 | +€3,484 | +338.8% |
| Suppliers | 440/4 | €1,029 | €4,513 | +€3,484 | +338.8% |
| Taxes, remuneration and social security | 45 | - | €39,245 | +€39,245 | |
| Taxes | 450/3 | - | €39,245 | +€39,245 | |
| Other amounts payable | 47/48 | €722 | €261 | -€462 | -63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,086 | €21,055 | -€21,031 | -50.0% |
| Other operating charges | 640/8 | €7,237 | €3,600 | -€3,637 | -50.3% |
| Gross operating margin | 9900 | -€12,568 | -€3,035 | +€9,533 | +75.9% |
| Operating profit (loss) | 9901 | -€61,892 | -€27,691 | +€34,201 | +55.3% |
| Financial income | 75/76B | €36,834 | €204,061 | +€167,228 | +454.0% |
| Recurring financial income | 75 | €36,834 | €204,061 | +€167,228 | +454.0% |
| Financial charges | 65/66B | €151 | €113 | -€38 | -25.1% |
| Recurring financial charges | 65 | €151 | €113 | -€38 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,209 | €176,257 | +€201,466 | |
| Income taxes | 67/77 | - | €39,245 | +€39,245 | |
| Profit (loss) for the period | 9904 | -€25,209 | €137,013 | +€162,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,209 | €137,013 | +€162,222 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.